Stock Analysis

Top Dividend Stocks On Euronext Amsterdam

ENXTAM:INGA
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The Dutch stock market has shown resilience, with the pan-European STOXX Europe 600 Index ending higher amid hopes for interest rate cuts. As investors seek stability and income in this environment, dividend stocks on Euronext Amsterdam present an attractive option. A good dividend stock typically offers a consistent payout, strong financial health, and growth potential—qualities that are particularly appealing in the current market conditions.

Top 5 Dividend Stocks In The Netherlands

NameDividend YieldDividend Rating
Koninklijke Heijmans (ENXTAM:HEIJM)3.48%★★★★☆☆
Aalberts (ENXTAM:AALB)3.28%★★★★☆☆
Signify (ENXTAM:LIGHT)7.26%★★★★☆☆
Randstad (ENXTAM:RAND)5.38%★★★★☆☆
ABN AMRO Bank (ENXTAM:ABN)9.94%★★★★☆☆
ING Groep (ENXTAM:INGA)7.02%★★★★☆☆
Acomo (ENXTAM:ACOMO)6.53%★★★★☆☆

Click here to see the full list of 7 stocks from our Top Euronext Amsterdam Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Aalberts (ENXTAM:AALB)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Aalberts N.V. provides mission-critical technologies for the aerospace, automotive, building, and maritime sectors and has a market cap of €3.81 billion.

Operations: Aalberts N.V. generates revenue from Building Technology (€1.74 billion) and Industrial Technology (€1.49 billion).

Dividend Yield: 3.3%

Aalberts presents a mixed picture for dividend investors. While its dividend payments are well-covered by earnings (payout ratio: 41%) and cash flows (cash payout ratio: 60.4%), the dividends have been volatile over the past decade. Recent earnings reported a slight decline, with H1 2024 net income at €149.2 million compared to €160 million in H1 2023. Additionally, significant insider selling over the past three months raises concerns about future stability.

ENXTAM:AALB Dividend History as at Aug 2024
ENXTAM:AALB Dividend History as at Aug 2024

ABN AMRO Bank (ENXTAM:ABN)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: ABN AMRO Bank N.V. offers a range of banking products and financial services to retail, private, and business clients both in the Netherlands and internationally, with a market cap of €12.66 billion.

Operations: ABN AMRO Bank N.V.'s revenue segments include Corporate Banking (€3.46 billion), Wealth Management (€1.55 billion), and Personal & Business Banking (€4.02 billion).

Dividend Yield: 9.9%

ABN AMRO Bank's dividend payments have been inconsistent over the past nine years, with recent volatility. The bank's interim dividend is set at €0.60 per share, totaling €500 million. Despite a reasonable payout ratio of 50.5%, earnings are forecast to decline by an average of 8.6% annually over the next three years. Recent executive changes and M&A activities may impact future performance and stability, with a new CRO appointment pending ECB approval and ongoing acquisition efforts in Germany.

ENXTAM:ABN Dividend History as at Aug 2024
ENXTAM:ABN Dividend History as at Aug 2024

ING Groep (ENXTAM:INGA)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: ING Groep N.V. offers a range of banking products and services across the Netherlands, Belgium, Germany, the rest of Europe, and internationally with a market cap of approximately €50.57 billion.

Operations: ING Groep N.V. generates revenue through various segments including Retail Banking Netherlands (€4.97 billion), Retail Banking Belgium (€2.61 billion), Retail Banking Germany (€2.97 billion), Wholesale Banking (€6.69 billion), and other retail banking activities (€4.14 billion).

Dividend Yield: 7.0%

ING Groep's dividend payments, covered by a 69.8% payout ratio, are set at €0.35 per share for the first half of 2024. Despite a recent decline in net income to €1.78 billion for Q2 2024 from €2.16 billion a year ago, the company continues its share buyback program, completing repurchases worth €4.07 billion since May 2023. However, ING's dividend history is less than ten years old and has shown volatility during this period.

ENXTAM:INGA Dividend History as at Aug 2024
ENXTAM:INGA Dividend History as at Aug 2024

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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